How Did Latin America Gain Independence

Although Latin America had gained independence in the late 1800’s, much of the population was still subjected to poverty and prejudice. With their newly gained independence, Latin America adopted free trade acquiring huge profits due to their surplus of natural resources. However, they were unable to modernize and industrialize, leading Latin America to become “enslaved” in debt. When United States and British entrepreneurs saw the opportunity, they constructed railroads to obtain the rich agriculture and minerals. Latin America had become economically dependent: they may only trade their precious metals and cash crops with their parent countries. Laws were created to prevent the colonists from acquiring goods for potentially lower prices via